Page 4 - Mitchell Kossoff News Today

(Illustration by Paul Dilakian/Getty) The spin class at the New York Sports Club near City Hall was a popular lunchtime workout for landlords and real estate attorneys. They would go for the intense instructor, Mitch Kossoff, a spinning evangelist and one of New York City’s most prominent landlord lawyers. Mitch Kossoff In the studio, Kossoff cranked up a soundtrack of thumping club music, motivating his class to “dance on the bike” as they worked up a sweat. In his law practice, too, Kos...

This has to be the worst Mother’s Day present ever. Real estate attorney Mitchell Kossoff allegedly forged his 94-year-old mother’s signature to take out more than $2 million in loans before he went AWOL earlier this month. Kossoff, who went radio-silent in early April when clients began asking about their escrow accounts, took out $2.6 million in August and January in merchant cash advances — essentially a kind of corporate payday loan where a firm sells its future revenues in exchange f...

Law Firms After name partner goes missing, lawyers get no paychecks; clients allege millions of dollars in lost funds   Image from Shutterstock.com. Legal woes are mounting for Kossoff name partner Mitchell Kossoff, who is facing lawsuits from clients alleging the theft of millions of dollars in escrow funds and the resignations of multiple lawyers from his New York City real estate law firm. Lawyers at the law firm say they haven’t heard from Kossoff since April 1, and they are not receivin...

A New York state judge on Monday moved to freeze multiple bank accounts associated with Manhattan real estate firm Kossoff PLLC after numerous clients came forward last week claiming that managing partner Mitchell Kossoff is missing, along with millions in their funds.

Mitchell Kossoff (Photo via Kossoff, PLLC) Real estate investors who say they’ve been scammed out of millions in escrow funds from attorney Mitchell Kossoff’s law firm now want to push the firm into bankruptcy. A group of four investors filed a petition for involuntary bankruptcy Tuesday against Kossoff PLLC, listing slightly more than $8 million in “misappropriated” escrow funds, filings with New York’s Southern District bankruptcy court show. A representative for the Kossoff firm co...

Unfortunately for his clients, those accounts are mostly empty. Kossoff has two accounts with Signature that contain $47,726 and $56,585, according to David Grantz, an attorney for the bank. At Valley National One, an account is overdrawn and another contains $7,665, said Patrick Spina, Valley’s counsel. “I don’t think anyone on this call would be surprised to hear that,” said Kevin Fritz, an attorney representing Prince Street Holdings, a purported victim of Kossoff’s. “We can buy ...

Mitchell Kossoff (Photo via Kossoff, PLLC) An attorney who handles funds for some of New York’s biggest multifamily landlords seems to have disappeared, leaving his clients worried that millions of dollars placed in escrow accounts have as well, sources with knowledge of the scandal told The Real Deal. Mitchell Kossoff, managing partner of Kossoff PLLC, has been unreachable for several days by his partners at downtown Manhattan law firm and the landlords for whom he holds millions of dollars ...

Mitchell Kossoff (iStock, Kossoff, PLLC/Illustration by Kevin Rebong for The Real Deal) Three more landlords have come forward with claims that real estate attorney Mitchell Kossoff owes them hundreds of thousands of dollars. Kossoff, the managing partner of Kossoff PLLC, has been unreachable for several days both by his partners at the firm and his clients, The Real Dealreported Wednesday. His disappearance has raised questions about the whereabouts of his clients’ millions. Now, one lawsui...